WILMINGTON, Del., Oct 22 (Reuters) - A federal bankruptcy judge said on Thursday she would to take a dispute between Washington Mutual Inc and JPMorgan & Chase Co over $4 billion dispute under advisement.
Washington Mutual Inc said the court should order JPMorgan to return $3.67 billion, plus interest, that was on deposit with one of its banks that was seized last year and sold to JPMorgan.
JPMorgan argued it needed to gather more evidence to determine the nature of the accounts in dispute.
Judge Mary Walrath did not say when she would rule on the motion for summary judgment. (Reporting by Tom Hals) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Washington Mutual Inc said the court should order JPMorgan to return $3.67 billion, plus interest, that was on deposit with one of its banks that was seized last year and sold to JPMorgan.
JPMorgan argued it needed to gather more evidence to determine the nature of the accounts in dispute.
Judge Mary Walrath did not say when she would rule on the motion for summary judgment. (Reporting by Tom Hals) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
